Himax Technologies (NASDAQ:HIMX - Get Free Report) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03, Briefing.com reports. Himax Technologies had a net margin of 8.42% and a return on equity of 8.94%. The company had revenue of $222.40 million for the quarter, compared to analyst estimates of $205.93 million. During the same period last year, the business posted $0.06 EPS. The business's quarterly revenue was down 6.8% on a year-over-year basis. Himax Technologies updated its Q4 2024 guidance to 0.093-0.110 EPS and its Q4 guidance to $0.09-0.11 EPS.
Himax Technologies Price Performance
NASDAQ HIMX traded up $0.13 during trading hours on Friday, reaching $5.90. 785,755 shares of the company's stock were exchanged, compared to its average volume of 744,934. The company has a current ratio of 1.58, a quick ratio of 1.32 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.03 billion, a PE ratio of 13.72 and a beta of 2.10. The firm has a fifty day moving average of $5.78 and a 200-day moving average of $6.32. Himax Technologies has a one year low of $4.80 and a one year high of $8.73.
Analysts Set New Price Targets
Separately, StockNews.com cut Himax Technologies from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd.
Check Out Our Latest Stock Report on Himax Technologies
About Himax Technologies
(
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Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.
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